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23 March 03:22 AM

Ratings

Fitch has also maintained the Qatari lender’s viability rating at “bb+”
19 March 11:16 AM Fitch affirms Doha Bank’s rating at “A”; outlook stable
Mubasher: Fitch Ratings has affirmed Doha Bank's long-term issuer default rating (IDR) at “A” with a stable outlook. The international rating agency has also maintained the Qatari lender’s viability rating at “bb+”, according to Doha Bank’s …
Banking and Finance
The int'l rating agency affirmed the bank’s viability rating (VR)
16 March 07:29 PM Fitch affirms QIIB’s ratings, outlook stable
Mubasher: Fitch Ratings had affirmed the long-term issuer default rating (IDR) of Qatar International Islamic Bank (QIIB) at ‘A’, with a stable outlook. The international rating agency also affirmed the bank’s viability rating (VR) at 'bb+', …
Banking and Finance
Oman’s rating was downgraded to Ba1 with a negative outlook
14 March 01:01 PM Lower oil prices to pressure GCC sovereigns’ credit in 2019 - Moody's
Mubasher: Reduced oil prices coupled with lower oil output growth will weaken fiscal and external positions in the GCC region and hinder their economic growth in 2019, Moody's Investors Service said in a report. The US rating agency noted that …
Macroeconomics
The company’s rating is based on its strong and diverse portfolio
13 March 04:16 PM Moody’s affirms KIPCO rating, outlook stable
Mubasher: Moody's Investors Service has affirmed the credit rating of Kuwait Projects Holding (KIPCO) at Baa3/P-3, with a stable outlook. The company’s rating is based on its strong and diverse portfolio in the Middle East and North Africa (MENA), …
Ratings
Increased lending to the sector has coincided with the market downturn
13 March 03:56 PM UAE banks’ loan losses to grow due to real estate – Moody’s
Abu Dhabi – Mubasher: Banks operating in the UAE are expected to see a rise in loan losses over the next 12 to 18 months as the drop in real estate prices and rising interest rate reduce borrowers’ cash flow, Moody’s said in a recent report. …
Sector Reports
Kuwaiti-based banks will retain the ability to withstand losses
13 March 03:52 PM Moody’s maintains stable outlook for Kuwaiti banking sector
Mubasher: Moody’s Investors Service has maintained a stable outlook for the Kuwaiti banking sector for the next 12 to 18 months, according to a report released on Wednesday. This outlook was based on many factors on top of which was the expected …
Banking and Finance
The banking sector is likely to benefit from the ongoing consolidation drive
13 March 02:07 PM GCC banks remain resilient against economic challenges
Dubai – Mubasher: Most banks operating in the GCC remained resilient despite ongoing economic challenges, Moody’s said in a new report. The banking sector is likely to benefit from the ongoing consolidation drive and government spending on …
Banking and Finance
The credit rating of Sharjah stood at A3
8 March 06:59 PM Moody’s affirms Bahrain, Sharjah moderate economic strength
Mubasher: Moody's on Friday announced its periodic review of GCC issuers including the governments of the UAE's emirate of Sharjah and the Kingdom of Bahrain. Sharjah Moody's put its credit rating for Sharjah at A3, with a ‘moderate (-)’ economic …
Ratings
Moody’s views on the Iraqi economy reflected the country’s strong growth potential
8 March 06:56 PM Moody’s revisits issuer ratings of Jordan, Lebanon, Iraq
Edited by: Muhammad Abdul-Wakeel Mubasher: Moody's has completed its periodic review of issuers including the governments of Iraq, Lebanon, and Jordan, according to reports released on Friday. The credit rating of Iraq remained at Caa1, with a …
Macroeconomics
"Prior to the withdrawal, the outlook was stable"
7 March 04:56 PM Moody's withdraws ratings from Abu Dhabi’s IPIC
Abu Dhabi – Mubasher: Moody's Investors Service on Thursday withdrew Aa2 long term global scale and P-1 short term issuer ratings of the UAE’s International Petroleum Investment Company (IPIC). The (P)Aa2 backed senior unsecured global medium-term …
Ratings
The US rating agency lowered Oman’s long-term issuer and senior unsecured bond ratings to Ba1 from Baa3
6 March 10:32 AM Moody's downgrades Oman’s credit rating, outlook negative
Mubasher: Moody’s Investors Service slashed Oman’s credit rating to junk, with a negative outlook on the back the GCC nation’s fiscal challenges due to moderate oil prices. The US rating agency lowered Oman’s long-term issuer and senior unsecured …
Macroeconomics
Egypt’s economy has seen a significant improvement over the course of the previous year
3 March 05:35 PM CI affirms Egypt’s currency ratings, maintains stable outlook
Cairo - Mubasher: Capital Intelligence Ratings (CI) has affirmed the long-term foreign and local currencies rating of Egypt at “B+”. The outlook on the rating is stable. The Cyprus-based rating agency has also maintained the North African nation’s …
Ratings
The global rating agency affirmed both banks' baseline credit assessments
28 February 07:03 PM Moody's affirms currency deposit ratings of 2 Qatari banks
Mubasher: Moody's Investors Service has affirmed the local and foreign currency long-term and short-term deposit ratings of Barwa Bank and International Bank of Qatar (IBQ) at ‘A2/P-1’, with a stable outlook. The global rating agency affirmed both …
Ratings
Fitch expects asset quality to remain sensitive to concentration risk in 2019
24 February 12:51 PM Kuwaiti Islamic banks acquire 38% market share of banks’ assets
Mubasher: Kuwaiti Islamic banks had a market share accounting for 38% of total banking system assets by the end of the first half in 2018, Fitch Ratings said in a recent press release. “Islamic banking activities are only undertaken by Islamic …
Banking and Finance
This actions followed the recent downgrade of Oman's sovereign rating
23 February 04:51 PM CI downgrades sovereign rating of 3 Omani banks
Mubasher: Capital Intelligence (CI) rating agency has downgraded the sovereign rating of three Omani banks. CI lowered its ratings for the Long-Term Foreign Currency Rating of the three Oman-listed banks National Bank of Oman (NBO), Bank Muscat, …
Ratings
Photo archive of KIPCO's meeting
21 February 05:36 PM S&P affirms KIPCO’s ratings, Negative outlook
Mubasher: Kuwait Projects Holding (KIPCO) said that the rating agency Standard & Poor's (S&P) the long- and short-term credit ratings at ‘BBB−’ and ‘A-3’, respectively, according to a bourse disclosure on Thursday. The global rating agency has …
Ratings
Bloomberg’s research arm expects loans to expand by mid-single digits this year.
21 February 01:44 PM Liquidity, capacity push up UAE banks’ 2019 lending outlook - Bloomberg Intelligence
Dubai – Mubasher: High liquidity and greater capacity for lending are expected to support the UAE banks’ 2019 lending prospects, Bloomberg Intelligence said in a recent statement. Bloomberg’s research arm expects loans to expand by mid-single …
Ratings
The Dubai-based bank is well-positioned and has a more-diversified credit portfolio
21 February 01:07 PM DIB adopts digital plan for growth in 2019 - Bloomberg Intelligence
Dubai – Mubasher: Dubai Islamic Bank (DIB) has adopted a new digital strategy that will serve its customers and operational capabilities. The new plan is to help the UAE’s largest Islamic lender address its challenged retail business this year, …
Ratings
UAE may shift from a funding source to a cheaper alternative for investors
21 February 10:48 AM Morgan Stanley to double upgrade UAE stocks
Dubai – Mubasher: Morgan Stanley is looking to double upgrade the UAE stocks on the back of “early signs of a bottoming out” in the GCC nation’s real estate sector, according to analysts at the US bank and financial services firm. The American …
Ratings
Moody’s assigns (P)Baa3 rating to Almarai’s potential sukuk issue
19 February 03:38 PM Moody’s assigns (P)Baa3 rating to Almarai’s potential sukuk issue
Riyadh – Mubasher: Moody's Investors Service on Tuesday assigned a (P)Baa3 senior unsecured rating with a stable outlook to Saudi’s Almarai Co.’s potential sukuk issuance. “Under this Programme, the future certificates holders will be effectively …
Ratings
The rating agency also lowered its issue rating to 'BB-' from 'BB' on the three sukuk trust certificates
19 February 12:46 PM S&P downgrades Damac Real Estate’s rating to 'BB-'; outlook ‘Stable’
Dubai – Mubasher: Standard and Poor’s Global Ratings (S&P) on Tuesday downgraded Damac Real Estate Development Limited’s, a subsidiary of Damac Properties, long-term issuer credit rating to “BB-“ instead of “BB” with a stable outlook. The New …
Ratings
The rating of the UAE’s state-run oil company reflects its high upstream output
19 February 11:10 AM Fitch affirms ADNOC’s rating at ‘AA’; outlook ‘Stable’
Abu Dhabi – Mubasher: Fitch Ratings on Tuesday affirmed Abu Dhabi National Oil Company's (ADNOC) Long-Term Issuer Default Rating (IDR) at “AA” with a stable outlook. The rating of the UAE’s state-run oil company reflects its high upstream output …
Ratings
CI ascribed the downgraded credit rating to large deficit in the government budget
17 February 03:58 PM Capital Intelligence cuts Oman’s sovereign rating to BBB-, revises outlook
Mubasher: Capital Intelligence (CI) announced lowering Oman’s long-term foreign currency (LTFC) rating to “BBB-” from “BBB”. The international credit rating agency also revised Oman’s outlook to “stable” from “negative”, it said in a statement.  …
Ratings
Emirates NBD came on the seventy-sixth place in the Brand Finance Banking 500
17 February 03:31 PM The Bank ranks Emirates NBD as UAE’s top banking brand
Dubai – Mubasher: Emirates NBD on Sunday announced that it has been ranked as the UAE’s most valuable banking brand with a $4.04 billion in brand valuation, according to the Banker’s annual brand valuation league table. “Our brand value reflects …
Ratings
Almarai ‘satisfied’ with Moody’s, S&P ratings, outlook
17 February 09:10 AM Almarai ‘satisfied’ with Moody’s, S&P ratings, outlook - CFO
Riyadh – Mubasher: Almarai Company on Sunday revealed that it has been assigned investment grade credit ratings by international agencies Moody’s and Standard and Poor’s (S&P). Moody’s assigned a ‘Baa3’ rating with a stable outlook to the Saudi …
Ratings